Intel considers major overhaul amidst tumultuous financial struggles

Intel is exploring significant changes, including splitting its design and manufacturing units and possibly scrapping factory projects, as it faces its toughest period in over half a century. With advice from Morgan Stanley and Goldman Sachs, Intel’s plans come after a steep stock decline and grim earnings report. CEO Pat Gelsinger’s ambitious turnaround efforts have yet to yield results, prompting discussions of possible capex cuts and strategic shifts.